ARSENAL — India Defence & Capital Goods Intelligence

Buy · Hold · Sell

The decision room

Weighted engine: fundamental 35% · valuation 25% · technical 20% · moat 20%. Every input traces to real statement data; moat is the one curated judgment call, shown transparently.

Buy

companies

Hold / Watchlist

companies

Hold

companies

Sell / Avoid

companies

#	Company	Fundamental	Valuation	Technical	Moat	Composite	Mkt cap	Decision
1	Hindustan Aeronautics Aircraft & Aeroengines	82	73	74	95	81	₹3.00 L Cr	Buy
2	Krishna Defence Shipbuilding & Submarines	97	58	81	55	76	₹1.9K Cr	Hold / Watchlist
3	Bharat Electronics Defence Electronics & Radar	84	57	41	92	70	₹2.98 L Cr	Hold
4	Schaeffler India Bearings	74	55	73	76	69	₹65.0K Cr	Buy
5	Garden Reach Shipbuilders Shipbuilding & Submarines	82	65	44	78	69	₹29.4K Cr	Hold
6	Solar Industries Missiles & Munitions	84	16	93	86	69	₹1.72 L Cr	Sell / Avoid
7	Astra Microwave Defence Electronics & Radar	78	34	91	72	68	₹16.6K Cr	Hold
8	Triveni Turbine Engines & Power Systems	83	53	52	78	68	₹19.7K Cr	Hold / Watchlist
9	Cummins India Engines & Power Systems	85	33	67	84	68	₹1.53 L Cr	Hold
10	TD Power Systems Engines & Power Systems	90	34	69	72	68	₹17.8K Cr	Hold
11	Mazagon Dock Shipbuilding & Submarines	81	66	28	88	68	₹94.6K Cr	Hold
12	ABB India Electrification & Automation	74	26	92	82	67	₹1.35 L Cr	Hold
13	AIA Engineering Consumables & Wear Parts	54	73	74	76	67	₹43.6K Cr	Hold
14	Kirloskar Oil Engines Engines & Power Systems	61	65	85	62	67	₹32.4K Cr	Hold / Watchlist
15	Elgi Equipments Compressors & Machinery	66	64	68	70	67	₹18.7K Cr	Hold / Watchlist
16	Grindwell Norton Consumables & Wear Parts	60	55	82	72	66	₹23.5K Cr	Hold / Watchlist
17	Larsen & Toubro EPC & Infrastructure	53	83	44	85	65	₹5.28 L Cr	Hold
18	Syrma SGS Technology Electronics Manufacturing	72	45	84	58	65	₹25.8K Cr	Hold / Watchlist
19	Zen Technologies Simulators & Training	78	39	61	76	64	₹15.8K Cr	Hold / Watchlist
20	KSB Ltd Compressors & Machinery	64	56	68	70	64	₹15.8K Cr	Hold / Watchlist
21	Unimech Aerospace Precision Engineering	72	29	97	60	64	₹6.5K Cr	Hold
22	Bharat Forge Forgings & Castings	60	41	83	74	63	₹1.06 L Cr	Hold / Watchlist
23	Data Patterns Defence Electronics & Radar	79	31	56	80	63	₹22.3K Cr	Hold
24	Paras Defence & Space Optics & Optronics	72	22	90	68	62	₹9.7K Cr	Hold
25	Centum Electronics Defence Electronics & Radar	64	45	83	58	62	₹5.5K Cr	Hold / Watchlist
26	Azad Engineering Precision Engineering	63	23	94	70	61	₹15.1K Cr	Hold
27	Taneja Aerospace Aerostructures	61	79	49	48	60	₹737 Cr	Hold
28	BHEL Power Equipment	53	47	92	55	60	₹1.45 L Cr	Hold
29	Kaynes Technology Electronics Manufacturing	60	68	42	66	60	₹22.3K Cr	Hold
30	Premier Explosives Missiles & Munitions	72	41	61	58	59	₹3.6K Cr	Hold / Watchlist
31	Cochin Shipyard Shipbuilding & Submarines	65	62	27	75	59	₹37.0K Cr	Hold
32	Timken India Bearings	64	64	29	72	59	₹23.5K Cr	Hold
33	Mishra Dhatu Nigam Materials & Metallurgy	47	66	56	70	58	₹7.6K Cr	Hold
34	SKF India Bearings	52	93	7	74	58	₹7.3K Cr	Hold
35	CG Power Electrification & Automation	71	15	72	72	57	₹1.36 L Cr	Sell / Avoid
36	Siemens India Electrification & Automation	40	39	77	80	55	₹1.29 L Cr	Sell / Avoid
37	Apollo Micro Systems Defence Electronics & Radar	63	21	78	60	55	₹14.6K Cr	Sell / Avoid
38	Carborundum Universal Consumables & Wear Parts	36	57	71	68	55	₹20.7K Cr	Sell / Avoid
39	Thermax Energy & Environment	47	33	76	68	54	₹56.1K Cr	Hold
40	PTC Industries Materials & Metallurgy	57	10	77	74	53	₹27.0K Cr	Sell / Avoid
41	Titagarh Rail Systems Rail & Mobility	35	59	67	60	52	₹11.8K Cr	Sell / Avoid
42	ISGEC Heavy Engineering Power Equipment	32	83	40	50	50	₹6.5K Cr	Sell / Avoid
43	Ramkrishna Forgings Forgings & Castings	32	53	71	52	49	₹10.2K Cr	Sell / Avoid
44	ideaForge Technology Drones & UAV	30	44	81	55	49	₹4.3K Cr	Sell / Avoid
45	Nibe Ltd Land Systems	44	27	83	42	47	₹2.4K Cr	Sell / Avoid
46	Jupiter Wagons Rail & Mobility	35	71	22	58	46	₹10.8K Cr	Sell / Avoid
47	Dynamatic Technologies Aerostructures	34	37	58	65	46	₹7.0K Cr	Sell / Avoid
48	Bharat Dynamics Missiles & Munitions	41	30	28	85	44	₹46.0K Cr	Sell / Avoid
49	MTAR Technologies Precision Engineering	52	14	48	62	44	₹17.7K Cr	Sell / Avoid
50	Rossell Techsys Aerostructures	35	10	85	56	43	₹3.7K Cr	Sell / Avoid
51	DCX Systems Defence Electronics & Radar	26	64	42	40	42	₹2.1K Cr	Sell / Avoid
52	Avantel Defence Electronics & Radar	40	16	65	52	41	₹4.6K Cr	Sell / Avoid
53	BEML Land Systems	27	45	35	58	39	₹14.7K Cr	Sell / Avoid
54	Praj Industries Energy & Environment	26	41	43	55	39	₹6.2K Cr	Sell / Avoid

Buy requires: fundamental ≥72, technical ≥62, valuation ≥45, moat ≥60. Sell/Avoid triggers on fundamental <45 or valuation <22 (extreme multiples with deteriorating statements). This is an analytical framework, not investment advice.